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John Waggoner: Mutual Funds: Where The Smart Money Is

FYI:One of the enduring myths in investing is that small investors are nimrods, lovably and haplessly doing the wrong thing at the wrong time. All you have to do to be a savvy contrarian is to do the opposite of what those dumb small investors are doing.
Regards,
Ted
http://www.usatoday.com/story/money/columnist/waggoner/2014/11/28/are-mutual-funds-for-dummies/19574039/
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